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Institut de la statistique du Québec
Institut de la statistique du Québec
Québec flag
Institut de la statistique du Québec
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Quarterly indicators, Québec and Canada

Key seasonally adjusted economic indicators. Annualized levels.

Québec
Quarterly economic accounts 2024 2025 2024 2025
     
      IV I II III IV
Aggregates in chained $M (2017)
GDP at market prices 484,064 487,582 488,555 489,903 486,418 487,135 486,873
Final domestic demand 510,744 519,835 522,587 519,048 520,220 518,655 521,417
     Household final consumption expenditure 284,018 288,610 290,107 286,935 289,264 288,283 289,958
     General governments final consumption expenditure 118,770 120,993 121,064 120,886 121,087 120,626 121,372
     Business gross fixed capital formation 76,902 79,103 79,971 80,296 78,786 78,553 78,776
     General governments gross fixed capital formation 22,210 21,714 22,164 21,376 21,737 21,823 21,921
Exports of goods and services 212,421 210,423 211,126 216,708 207,572 208,483 208,930
Imports of goods and services 236,879 238,992 238,272 241,680 241,473 237,046 235,767
Aggregates in current $M
GDP at market prices 616,771 645,901 633,003 639,541 642,088 649,339 652,636
Compensation of employees 332,484 347,209 340,846 344,770 344,361 349,434 350,271
Net operating surplus of corporations 79,361 83,119 81,812 82,842 83,067 83,442 83,125
Net mixed income 44,918 48,268 46,749 46,795 47,530 48,791 49,956
Household disposable income 345,660 360,802 354,594 357,136 355,842 364,684 365,546
Household net saving 28,710 29,533 28,015 31,049 25,820 33,120 28,142
  
Other indicators 2025 2026 2025 2026
     
    Year to date I II III IV I
Real GDP at basic prices (2017 $M) 450,949   453,045 449,738 450,467 450,543  
Real international merchandise exports (2017 $M) 89,715 83,847 99,127 86,086 85,681 87,964  
Real international merchandise imports (2017 $M) 105,808 101,503 104,059 108,986 106,305 103,881  
Housing starts (n) 59,864 55,795 55,668 59,248 59,724 63,570  
Residential building permits (current $M) 20,000 25,867 20,210 19,711 19,105 20,975  
Non-residential building permits (current $M) 8,769 10,271 8,160 9,383 9,480 8,053  
Sales of manufactured goods (current $M) 219,538 224,428 224,153 210,634 221,660 221,704  
Wholesale sales (current $M) 207,796 206,375 210,123 206,215 209,888 204,960  
Retail sales (current $M) 186,971 190,191 184,377 186,178 188,848 188,481  
Average weekly earnings, including overtime (current $) 1,256.59 1,267.08 1,242.23 1,252.18 1,266.33 1,265.65  
Labour force (K) 4,921.1 4,912.0 4,906.9 4,937.7 4,917.2 4,913.9  
Employment (K) 4,644.8 4,641.1 4,633.5 4,641.0 4,637.2 4,656.7  
     Full-time (K) 3,781.3 3,742.1 3,777.4 3,788.2 3,780.0 3,765.7  
     Part-time (K) 863.5 899.0 856.0 852.7 857.2 890.9  
Unemployment rate (%) 5.6 5.5 5.6 6.0 5.7 5.2  
Participation rate (%) 64.9 64.7 65.0 65.2 64.7 64.6  
Employment rate (%) 61.3 61.1 61.4 61.3 61.0 61.3  
Consumer price index, non-seasonally adjusted (2002=100) 161.0 162.7 158.6 160.8 162.0 162.7  
U.S. exchange rate in cents, non-seasonally adjusted 71.54 72.91 69.69 72.26 72.59 71.69 72.91

Canada
Quarterly economic accounts 2024 2025 2024 2025
     
      IV I II III IV
Aggregates in chained $M (2017)
GDP at market prices 2,456,310 2,499,116 2,484,261 2,497,104 2,491,233 2,505,960 2,502,165
Final domestic demand 2,490,145 2,542,976 2,523,703 2,523,117 2,546,905 2,543,489 2,558,391
     Household final consumption expenditure 1,391,582 1,424,165 1,407,635 1,411,900 1,428,235 1,425,267 1,431,258
     General governments final consumption expenditure 540,593 553,453 547,847 549,782 555,812 552,016 556,201
     Business gross fixed capital formation 424,535 425,742 432,232 426,697 426,155 425,188 424,929
     General governments gross fixed capital formation 95,476 101,840 97,431 97,071 99,230 103,085 107,972
Exports of goods and services 752,075 739,409 763,541 771,023 720,778 727,486 738,350
Imports of goods and services 801,302 798,036 800,585 808,542 809,339 786,122 788,140
Aggregates in current $M              
GDP at market prices 3,108,551 3,243,465 3,176,936 3,224,200 3,211,124 3,259,968 3,278,568
Compensation of employees 1,567,988 1,629,531 1,599,880 1,614,912 1,620,592 1,637,008 1,645,612
Net operating surplus of corporations 434,251 458,843 454,760 462,864 440,696 461,660 470,152
Net mixed income 282,423 307,019 295,612 296,896 302,884 311,592 316,704
Household disposable income 1,718,578 1,798,854 1,765,468 1,780,588 1,788,440 1,807,932 1,818,456
Household net saving 85,890 87,636 97,248 95,580 80,132 94,096 80,736
  
Other indicators 2025 2026 2025 2026
     
    Year to date I II III IV I
Real GDP at basic prices (2017 $M) 2,331,844 2,342,804 2,327,564 2,323,891 2,338,841 2,337,078  
Real international merchandise exports (2017 $M) 572,872 547,921 606,977 552,311 560,873 571,325  
Real international merchandise imports (2017 $M) 610,154 615,391 622,988 616,363 599,643 601,620  
Housing starts (n) 259,028 245,524 230,028 276,043 272,634 256,981  
Residential building permits (current $M) 92,586 95,613 102,128 86,421 86,553 95,241  
Non-residential building permits (current $M) 56,192 64,531 52,262 59,964 53,474 59,068  
Sales of manufactured goods (current $M) 848,411 823,992 865,950 826,238 850,318 851,139  
Wholesale sales (current $M) 1,413,147 1,381,118 1,444,203 1,387,261 1,419,614 1,401,509  
Retail sales (current $M) 837,099 848,510 834,553 837,251 838,037 838,555  
Average weekly earnings, including overtime (current $) 1,302.82 1,320.46 1,292.39 1,296.26 1,308.90 1,313.72  
Labour force (K) 22,567.6 22,565.1 22,478.8 22,551.5 22,576.9 22,650.6  
Employment (K) 21,028.7 21,079.3 20,978.9 20,993.9 20,994.9 21,121.8  
     Full-time (K) 17,194.8 17,270.4 17,147.7 17,162.3 17,188.0 17,247.1  
     Part-time (K) 3,833.9 3,808.9 3,831.2 3,831.6 3,807.0 3,874.8  
Unemployment rate (%) 6.8 6.6 6.7 6.9 7.0 6.7  
Participation rate (%) 65.3 65.0 65.4 65.3 65.2 65.3  
Employment rate (%) 60.8 60.7 61.0 60.8 60.6 60.9  
Consumer price index, non-seasonally adjusted (2002=100) 164.2 165.5 162.6 164.0 164.9 165.2  
U.S. exchange rate in cents, non-seasonally adjusted 71.54 72.91 69.69 72.26 72.59 71.69 72.91
  
– The year-to-date levels represent the average of all observable annualized periods. When annual gross value and changes are available, they are presented.
– Due to more frequent updating, the quarterly economic accounts data may differ from those published by Statistics Canada in the Provincial and Territorial Economic Accounts.
– Monthly and quarterly data on housing starts are seasonally adjusted independently; quarterly data do not correspond to the average of monthly data.
– In April 2020, the CMHC's monthly survey was carried out in all Canadian provinces except Québec. As a result, the April 2020 data for Québec is not available and the April 2020 data for Canada excludes Québec.
– Annual sales of manufactured goods are calculated from the monthly survey.
– Numbers in bold have been revised since last Friday.
  
Sources : Institut de la statistique du Québec,
                  Statistics Canada,
                  Mortgage and Housing Corporation (housing starts),
                  Bank of Canada (exchange rates).
 
Update : April 2, 2026
Symbols used in tables
.. Data not available
... Not applicable
– Void or zero
— Negligible data
p Preliminary data
r Revised data
e Estimated data
x Confidential
F Data unreliable
n.e.s. Not elsewhere specified
p.-y. Person-year
f.t.e Full-time equivalent
‰ Per thousand
kg Kilogramme
l Liter
n Number
t Metric ton
$ In dollars
k and '000 In thousands
M and '000 000 In millions
G In billions

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